Cryptocurrencies
CEO Says Bitcoin Is Safer After Moving Firm’s Cash to Crypto
- MicroStrategy’s Saylor invested $425 million into coin
- “We were on a $500 million melting ice cube,” CEO says
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MicroStrategy Inc. Chief Executive Officer Michael Saylor says the Federal Reserve’s recent relaxing of its inflation policy helped convinced him to put the remainder of the enterprise-software maker’s cash into Bitcoin.
“We feel pretty confident that Bitcoin is less risky than holding cash, less risky than holding gold,” Saylor said in an interview.